Private hospital financial model, built free.
A three-statement Excel model for a private hospital operator, built from your own figures and checked to balance.
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Earns fees from health insurers, governments and patients for admitted episodes, driven by beds, occupancy, length of stay and theatre activity.
In short
- 01
Three linked statements
Income statement, balance sheet and cash flow, linked in every period.
- 02
Valued two ways
Discounted cash flow and trading multiples, side by side.
- 03
Monthly to annual
Monthly, quarterly, half-yearly or annual periods, for up to 30 years.
- 04
Checked every period
A Checks sheet shows the balance sheet balances and the cash reconciles.
The sample, as Excel draws it.
Built by the same system and checks as yours, on illustrative figures: every sheet as Excel draws it, or live.
Illustrative figures: the sample describes no real business. The live preview shows values; your model’s Excel file has every formula.
How the model works for a private hospital.
- How it earns revenue3 formulasPatient revenue by payer · All hospitalsPatient revenuePrivate health insurer revenueDVA and state contract revenueCompensable revenueSelf-funded revenueRevenue cycle deductions · Across the businessTotal not expected to be collectedHealth funds and insurersGovernment payersCompensable and other third partiesSelf-pay and patient gapsRevenue cycle deductions · Across the businessExpected credit losses (operating expenses)Total not expected to be collectedShare of the shortfall shown as expected credit losses
- What drives its costs3 formulasStaffing and wages · All hospitalsHospital staff costsWard nursing costsTheatre, allied health and support staff costsMedical consumables and prostheses · All hospitalsMedical consumables and prosthesesWard consumables and drugsSurgical consumables and prosthesesOperating expenses · Across the businessTotal FTEsOperations and deliverySales and marketingTechnologyFinance, HR and administration
- What it invests in3 formulasBed and room development · All development projectsDevelopment capexDevelopment cost still to spendShare of the remaining cost spent in the periodBed and room development · All development projectsClosing book valueOpening book valueDevelopment capexDepreciation of completed worksCorporate fixed assetsCapital expenditureRevenuefrom statementsCapex as % of revenueAdditional planned capex
- How it is funded3 formulasDebtRepaymentsScheduled repaymentsPrepayments from an equity raise and the cash sweepDebtClosing balanceOpening balanceDrawdownsRepaymentsDebtInterest expenseOpening balanceAll-in interest rateshare of the year
- How profit becomes cash3 formulasWorking capitalTrade receivablesRevenuefrom statementsDebtor daysDays in periodWorking capitalInventoryDirect costs (positive)from statementsInventory daysDays in periodWorking capitalTrade payablesCash operating costs (positive)from statementsCreditor daysDays in period
23 parts, each one tested.
Every part is a tested building block with its own checks: yours is put together from the ones your business needs.
- CPI forecastConsensus curve with long-run anchor
- Operating expensesHeadcount build by function
- Corporate costsFixed cost base indexed to CPI
- Working capitalFull working capital
- Income taxCorporate rate with tax losses
- Corporate fixed assetsStraight-line over remaining life
- DebtAmortising term loan
- Equity raisingDistribution reinvestment plan
- Dividends and distributionsPayout of net profit
- Discounted cash flow valuationDCF on free cash flow to the firm
- Multiples valuationEV / EBITDA multiple
- Medical equipment capex and replacementEquipment register with replacement datesCapex, depreciation and book value of major medical equipment — imaging modalities, linear accelerators, dialysis machines, theatre and laboratory equipment — replaced on its own cycle.
- Medical indemnity and professional liabilityInsurance premium per exposure unitInsurance and self-insured claims for medical malpractice and professional liability.
- Revenue cycle deductionsExpected collection rate by payerThe step from billed or contracted revenue to what is actually collected — contractual allowances on gross charges, implicit price concessions on patient balances, claim denials and third-party settlements — for providers billing insurers and patients claim by claim.
- LeasesLease register
- Key-metric summaryLast-twelve-month and run-rate metrics
- Covenant tests and headroomLVR, gearing and ICR for property
- Case selectionStackable stress toggles
- Bed and room developmentCost per bed over the build periodConstruction or refurbishment capex that adds or upgrades beds, places, theatres or rooms, and the depreciation of completed works.
- Capacity and activityTheatre sessions × utilisationBeds, theatres and occupancy, and the admissions and patient days they produce.
- Patient revenue by payerPayer mix × rateFees earned from health insurers, governments, compensable schemes and self-funded patients for hospital episodes.
- Staffing and wagesNursing hours per patient dayNursing, theatre, allied health and support staff costs driven by staffing ratios and wage rates.
- Medical consumables and prosthesesCost per patient day and per theatre caseMedical and surgical supplies, prostheses, drugs and other consumables used in patient care.
The numbers it tracks.
- 01occupancy
- 02patient days
- 03revenue per patient day
- 04EBITDA margin
- 05EBITDA per bed
- 06net debt / EBITDA
What it is used for.
- Operating forecastGuide · Financial projections
- Budget and rolling forecastGuide · Cash flow forecast
- ValuationGuide · DCF valuation model
- Lending and credit analysisGuide · Three-statement model
- Development feasibilityGuide · Financial modelling services
- Merger or acquisition (strategic)Guide · Financial modelling services
- Leveraged buyout (private equity)Guide · Financial modelling services
- Scenarios and sensitivities
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See a finished model, sheet by sheetThe sample is built on illustrative figures and describes no real business. Models are calculations prepared from the information you provide. They are not financial advice and must be independently verified. See our terms.